16 March 2010
BLOOMFIELD HILLS, MI — Macquarie Equipment Finance (MEF), a global provider of independent lease financing and asset management solutions, today announced that it has acquired the Technology Services Division of Relational Technology Solutions (Relational). As part of the agreement, MEF will also service Relational’s existing lease portfolio.
The acquisition provides MEF with a substantial number of new leasing customers, additional experienced leasing professionals and the ability to offer new services relating to network and communications equipment that will be attractive to MEF’s existing client base. Terms of the transaction were not disclosed.
Relational’s lease portfolio consists of approximately $US500 million of assets leased to mid market and enterprise customers across the United States and Canada. Relational’s Technology Services Division is headquartered in Columbus, Ohio and provides technology hardware acquisition and integration services and unified communications solutions to mid market, enterprise and government customers.
“This agreement continues Macquarie’s strategy of selectively seeking acquisitions and servicing arrangements that strengthen our position as a leading global provider of independent leasing solutions,” said Andrew Gee, Global Head of Macquarie Equipment Finance.
Relational’s Technology Services Division (RTS) has strategic relationships with leading technology manufacturers, serving as a Value Added Reseller (VAR) of unified communications and enterprise IT solutions. “With the addition of RTS’ solutions and services, customers of the combined business benefit from the improved service offering, increased resources and operational scale that Macquarie provides,” Gee added.
In addition to completing a stock purchase of the Technology Services Division, MEF has integrated a number of Relational’s leasing sales and back office personnel into its operations. “As a result, Macquarie now has one of the largest and most experienced direct sales forces in the North American market and our customers will benefit from Relational’s industry best practices and talent,” said Greg Goldstein, President of Macquarie Equipment Finance.
“We now provide leasing and asset management services to over 2400 companies across the U.S. and Canada and we are actively looking to grow this further both organically and through selective acquisitions,” added Goldstein.
About Macquarie Equipment Finance
Macquarie Equipment Finance, a member of the Macquarie Group, provides lease financing, asset management solutions, and remarketing of technology, healthcare, and capital equipment for enterprises around the globe. MEF specializes in providing solutions to large customers to help them finance and manage their technology equipment fleets. In addition to working directly with customers, MEF provides financing solutions to major equipment vendors to allow them to provide additional services to their end user customer base. MEF has operations in North America, Europe, Asia and Australia and assets under management of in excess of $US1.7 billion.
The Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and employs more than 14,000 people. Assets under management total more than US$300 billion. For more information, visit www.macquarie.com/mef.
About Relational Technology Solutions
Relational Technology Solutions (Relational) is a premier independent technology and financial solutions provider dedicated to helping its clients solve business challenges with an integrated suite of solutions for technology acquisition, finance and disposition. Founded in 1990, Relational has been ranked one of the top five independent lessors in the U.S., serving for Fortune 1000 and mid-market companies across all industries. For more information, visit www.rts.com.
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For further information, please contact:
Macquarie Equipment Finance
Tel: +1 248 339 1455